| Decision 724/2020 | |
|---|---|
| File (PDF) | Decision 724/2020 |
| Date of Publication of Decision | December 23rd 2020 |
| Issue Number of Government Bulletin |
|
| Relevant Market |
Provision of services relating to instruction, training and friendly tennis games / providing tennis infrastructure and related facilities / organising games and tennis tournaments |
| Proceedings | Merger |
| Legal Framework | Phase I (Article 8(3) of the Greek Competition Act 3959/2011) |
| Decision | Clearance |
| Acquiring Company | TOURISTIKES EPIHEIRISEIS MESSINIAS SA and I-I S |
| Target Company | STADIO 2020 |
| Summary of Decision |
The Chamber of the Hellenic Competition Commission approved, pursuant to Art. 8(3) of Greek Law 3959/2011, the proposed transaction notified on 23/10/2020, which concerns the acquisition of joint control by “TOURISTIKES EPIHEIRISEIS MESSINIAS SA” (“TEMES”) and IOANNIS-IPPOKRATIS STASINOPOULOS over the company “STADIO 2020”. Pursuant to the above decision, the Hellenic Competition Commission found that the proposed concentration, which concerns the markets for the operation and management of athletic facilities relating to tennis, while falling within the scope of Art. 6(1) of Greek Law 3959/2011, does not raise any serious doubts as to its compatibility with the competition rules in the relevant market involved. |
| Judicial Means | Final. Decision has not been appealed. |
| Decisions by the Court of Appeal of Athens (Administrative Division) | - |
